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Problem 16-7 (book/static) Question Help A local county is considering purchasing some dump trucks for the trash pickups. Each truck will cost $55,000 and have an operating and maintenance cost that starts at $18,000 during the first year and increases by $3,000 per year thereafter. Assume the salvage value is $12,000 at the end of 5 years and the interest rate is 10%. To meet the equivalent annual cost of owning and operating each truck over 5-year planning horizon, what is the required annual trash collection fees? Click the icon to view the interest factors for discrete compounding when i = 10% per year. The required annual trash collection fees should be $ (Round to the nearest dollar.) More Info N 1 Single Payment Compound Amount Present Factor Worth Factor (F/P, i, N) (P/F, I, N) 1.1000 0.9091 1.2100 0.8264 1.3310 0.7513 1.4641 0.6830 1.6105 0.6209 Compound Amount Factor (F/A, I, N) 1.0000 2.1000 3.3100 4.6410 6.1051 Equal Payment Series Sinking Present Fund Worth Factor Factor (A/F, I, N) (P/A, I, N) 1.0000 0.9091 0.4762 1.7355 0.3021 2.4869 0.2155 3.1699 0.1638 3.7908 Capital Recovery Factor (A/P, I, N) 1.1000 0.5762 0.4021 0.3155 0.2638 2 3 4 5 6 0.5645 4.3553 0.1296 0.1054 7 7.7156 9.4872 11.4359 1.7716 1.9487 2.1436 2.3579 2.5937 8 0.5132 0.4665 0.4241 0.3855 4.8684 5.3349 5.7590 6.1446 0.2296 0.2054 0.1874 0.1736 0.1627 0.0874 0.0736 0.0627 9 13.5795 15.9374 10 Print Done